APM Terminals will invest $600m in the Nigerian ports sector, the country’s president, Bola Tinubu, said yesterday following a meeting with Robert Maersk Uggla, the chair of AP Moller Maersk.
“We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships,” the Nigerian presidency quoted Uggla as saying during the meeting.
Tinubu has vowed to revitalise the nation’s ports, which have been hit by growing levels of congestion in recent years.
In January last year Nigeria, the most populous nation in West Africa, opened its first deepsea port in the outskirts of Lagos.